[Reuters] AboveNet agrees to go private for $2.2 billion

Posted by: UGN Security

[Reuters] AboveNet agrees to go private for $2.2 billion - 03/19/12 12:56 PM

(Reuters) - Privately-held Zayo Group LLC agreed to buy rival AboveNet Inc , a provider of broadband connections to big companies and carriers, for about $2.2 billion in cash to expand its high bandwidth fiber-based communications business.